Travelers Companies (TRV) FY2021 results: revenue $34.8 billion, up 8.9% on the year
Travelers Companies, Inc. (TRV) reported revenue of $34.8 billion for fiscal 2021, the year ended 31 December 2021, up 8.9% on the year before. Net income was $3.7 billion, up 35.8%, and diluted earnings per share $14.49. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$34.8 billion
+8.9% on the year
FY2014FY2021
Operating margin
12.8%
10.1% a year earlier
FY2014FY2021
Net income
$3.7 billion
+35.8% on the year
FY2014FY2021
Diluted EPS
$14.49
+37.7% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
7,274
6,519
5,205
+11.6%
Cash from investing
-5,196
-4,892
-2,902
Cash from financing
-2,037
-1,416
-2,187
Depreciation and amortisation
870
789
763
+10.3%
Share-based compensation
162
148
142
+9.5%
Buybacks
2,156
625
1,500
+245.0%
Dividends paid
869
861
844
+0.9%
Diluted shares, weighted
251m
255m
262m
-1.5%
Shares outstanding at period end
241m
252m
256m
-4.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
28,887
29,201
25,943
-1.1%
Debt
7,290
6,550
6,558
+11.3%
Other liabilities
84,289
81,013
77,621
+4.0%
Total liabilities and equity
120,466
116,764
110,122
+3.2%
Goodwill
4,008
3,976
3,961
+0.8%
Intangible assets
306
317
330
-3.5%
Securities held for sale or to maturity
77,810
74,003
68,134
+5.1%
Cash and equivalents
761
721
494
+5.5%
Other assets
37,581
37,747
37,203
-0.4%
Total assets
120,466
116,764
110,122
+3.2%
10-K for the year ended 31 December 2021, filed 17 February 2022: the filing.